Related Commentary  

135(1)  This section has effect where the transferred property consists of shares in relation to which there occurs before the relevant date a transaction to which section 127 of the 1992 Act applies or would apply but for section 134 of that Act, that is to say–

(a)a reorganisation within the meaning of section 126(1) of that Act,

(b)the conversion of securities within the meaning of section 132 of that Act,

(c)the issue by a company of shares in exchange for shares in another company in such circumstances that section 135 of that Act applies, or

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